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Monday, 13 December 2010

European Report on Development -Social protection

Social protection can help reduce poverty and vulnerability and promote development and inclusive growth in sub-Saharan Africa, according to a report which was commissioned by the EU. To unleash the full potential of social protection, African countries, the EU and other donors need to place it at the heart of their development policies.Despite weathering the recent global downturn with its economic growth mostly intact, sub-Saharan Africa is facing serious structural development challenges and is vulnerable to a wide range of shocks, from food prices instability to climate change,  which are threatening much of the progress that has been made in terms of poverty eradication and other Millennium Development Goals.Latest international figures reveal that the 2007-2008 food crisis plunged 30 million more Africans into extreme poverty. Looking to the future, the recent  economic and financial crisis may, according to the World Bank and IMF, lead to 20 million fewer Africans being lifted out of poverty by the 2015 deadline of the Millennium Development Goals.The second ever European Report on Development (ERD), being launched today in Brussels at the European Development Days, suggests that, together with conventional development policy measures, social protection could help sub-Saharan Africa combat poverty by reducing its vulnerability to shocks and promoting inclusive development and growth.

Source: European Commission